DBOD.No. BL.BC. /22.01.001/2002 July 18, 2002
Aashada 27, 1924 (S) All Indian Scheduled Commercial Banks (Excluding RRBs and LABs). Dear Sir, Section 23 of Banking Regulation Act, 1949 – Master Circular on Branch Licensing. Reserve Bank of India has been issuing instructions to commercial banks regarding opening/shifting/closing of branches/extension counters/offices, etc. from time to time. With a view to consolidating all the current instructions which are valid as on date, a master circular has been prepared to enable banks to peruse the required information at a single source. 2. This master circular supersedes all earlier instructions relating to branch licensing. 3. Please acknowledge receipt. Yours faithfully, ( C.R.Muralidharan)
Chief General Manager. Encls. : as above |